Kujira Price Prediction: KUJI Plunges 44% As Foundation’s Leveraged Bets Unravel, And Experts Say This Solana GambleFi Token Might 100X

The
Kujira
price
tumbled
44%
in
the
last
24
hours


to
trade
at
$0.3129

as
of
04:15
a.m.
EST
on
trading
volume
that
skyrocketed
90%
to
$7.7
million.

This
severe
drop
was
triggered
by
the
liquidation
of
the
Kujira
Foundation’s
operational
wallet.
The
Foundation
had
taken
on
leveraged
liquidity
positions
worth
millions
of
dollars
but
failed
to
manage
them
properly
on
its
own
DeFi
platform.

The
funds
used
in
leveraged
positions
were
intended
to
enhance
liquidity
and
stimulate
activity
on
their
decentralized
exchange
(DEX).

The
team

said
in
a
post
on
X
that
it
takes
full
responsibility
for
the
incident
and
apologized
for
its
impact
on
the
token’s
price.

Before
the
liquidation,
the
Kujira
price
was
trading
in
a
sideways
pattern,
as
KUJI
consolidated
around
$1.04.
In
the
last
three
days,
KUJI
has
tumbled
to
trade
in
a
falling
channel
pattern,
fueled
by
the
unraveling
of
the
Foundation’s
leveraged
bets.

Kujira
Price
Aims
For
A
Bullish
Trend
Reversal

The
price
of
Kujira
now
trades
below
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
a
confirmation
of
the
bearish
trend.
The
50-day
SMA
now
acts
as
the
immediate
resistance
level
at
$0.40,
which
the
bulls
need
to
overcome
to
push
the
price
above.

Meanwhile,
the
Relative
Strength
Index
(RSI)
is
rebounding
from
below
the
30-oversold
region
as
it
climbs
up,
currently
at
40,
which
is
an
indication
that
investors
are
adding
to
their
buying
positions.
With
the
token
still
undervalued,
more
investors
may
enter
the
market
at
this
level.

The
Kujira
price
analysis
shows
that
the
token
is
on
a
bearish
trend
but
with
signs
of
a
likely
bullish
trend
reversal.
The
bulls
seem
to
be
using
the
$0.26
support
zone
to
push
the
price
up.

If
the
bulls
stage
a
reversal
at
this
level,
the
price
of
Kujira
could
soar,
as
they
target
$0.76.

Conversely,
if
the
bearish
trend
is
sustained,
KUJI
could
drop
further
below
the
channel
to
$0.20
support
in
the
short
term.

As
Kujira
investors
search
for
more
optimistic
signals,
the
Solana
GambleFi
token


Mega
Dice
(DICE)

has
smashed
past
$1.67
million
in
fund
raised
in
its
presale.

According
to
the
99Bitcoins
YouTube
channel,
with
over
706k
subscribers,
$DICE
could
potentially
soar
100X
after
its
launch. 

Mega
Dice
Presale
Garners
Over
$1.67
Million
–
Next
100X
Crypto?

DICE
is
the
native
token
for
Mega
Dice
Casino,
a
crypto
casino
and
gaming
platform
that
has
over
11,000
active
users
who
lock
in
more
than
$50
million
in
monthly
bets.

Haven’t
bought

$DICE
yet?
Follow
the
link
below
to
buy
in
a
few
easy
steps
–
not
convinced,
view
our
reasons
below
⤵️

BUY

$DICE
HERE:

https://t.co/E5WFsXQhfQ

Current
Price:
1

$DICE
=
$0.100254
????

Here’s
why

$DICE
is
set
to
become
the
leading
GameFi
token,
outpacing
all…

pic.twitter.com/Y3KZDxmkHH

—
Mega
Dice
Casino
(@megadice)

July
31,
2024

Users
on
the
platform
also
enjoy
over
4,000
casino
games
and
have
access
to
over
50
sports
and
eSports
betting
options.

Token
holders
can
earn
rewards
through
a
unique
staking
model
that
provides
daily
payouts
based
on
the
casino’s
profits.

To
join
the
presale,


you
can
buy
$DICE
on
the
official
website
here

for
$0.100254
per
token
using
BNB,
ETH,
or
SOL.
You
can
also
earn
10%
on
any
purchases
made
by
investors
you
refer.

Related
New